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SBET: Transformed into a top ETH treasury platform, doubling ETH per share and boosting institutional ownership

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Sharplink transformed into a leading institutional-grade Ethereum treasury platform in 2025, raising $3.2 billion, doubling ETH per share, and increasing institutional ownership to 46%. Despite a net loss due to unrealized losses and impairments, revenue and staking rewards surged.

Original document: Sharplink, Inc. [SBET] SEC 8-K Current Report — Mar. 9 2026

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